Cryptocurrency is a hot topic in today’s world, and Dr. Phil tackles the topic head on. Proponents are hailing it as the future of finance, but detractors claim it’s nothing more than a scam. On the show, he meets 24-year-old JP, who claims he can generate $1 million in Bitcoin a month. The pair goes head-to-head with financial expert Jeffrey Robinson, who says cryptocurrencies are not only a scam but are harmful to the environment. Cryptocurrency enthusiasts Larissa and King Bless are also featured, and King Bless says it levels the playing field between the haves and the have-nots.
Dr. Phil McGraw
This week on Dr. Phil McGraw, he meets with a twenty-four-year-old named JP who claims to generate over $1 million in Bitcoin every month. JP believes that investing in cryptocurrencies is the best thing you can do with your money. The show also features financial expert Jeffrey Robinson, who calls cryptocurrencies a scam and harmful to the environment.
Dr. McGraw is notorious for preying on vulnerable people. In one episode, he engaged in an inappropriate relationship with one of his clients. This put him in trouble with the Texas State Board of Examiners of Psychologists. He also publicly humiliated the mentally-ill, which left emotional scars on the patients.
Dr. Phil McGraw’s 25 years in psychology
As a child, Dr. Phil McGraw worked at an A&W root beer stand and at a pizza parlor. He eventually moved to Kansas with his father, where he played football and won a scholarship to the University of Tulsa. He earned his Bachelor of Arts in psychology at Midwestern State University and went on to earn his Master’s degree in psychology at the University of North Texas. Despite his success, McGraw has received criticism for his exploitative behavior.
In 2008, the California Board of Psychology filed a complaint against Dr. Phil for advising Britney Spears without a license. In the episode, Phil McGraw gets personal with his son Jordan, daughter-in-law Morgan Stewart, and a woman who walked away from the taping. His career has been fraught with controversy, and he has made questionable comments about coronavirus.
Dr. Phil’s cofounding of Doctors on Demand
Several people have criticized Dr. Phil’s cofounding of Doctors on Demand as an overreach. However, the network’s founders claim that it is a legitimate business decision. The show’s cofounders are two psychologists, Dr. Phil and Deborah Whitcas. They each have different perspectives on mental health, and they are open and approachable.
The service offers doctors to patients through videoconferencing and other video formats. Doctors on Demand is available through health plans and employers. The company is backed by $3 million in seed funding from Google Ventures and Andresseen Horowitz. The network’s national television exposure is likely to increase its user base.
While Dr. Phil tries to pose as a psychiatrist and offer health advice, it is not clear whether his work as a psychotherapist is credible. Moreover, he has been accused of advising patients to engage in questionable behavior. A 2004 Washington Post article attributed to him claimed that Dr. Phil used “pop psychology” to attract viewers. However, he claims that he’s not doing it for ratings. A spokesperson for Dr. Phil claims that McGraw never branded his child as mentally ill, and that he simply brought up Jeffrey Dahmer to show that this person’s actions were atypical.
Cryptocurrency is an emerging form of currency, and Dr. Phil is on the case with two new crypto enthusiasts. One is a 15-year-old girl named Larissa who has made $1 million selling Non Fungible Tokens. The other is a passionate audience member who was gifted a Bitcoin 10 years ago and says she is living proof of the power of crypto investments.